1.15 Wednesday Strategy Analysis 👇
Recent Trend Review: Since the beginning of the week, the price of the coin has been strong, continuing the upward trend after completing a V-shaped reversal.
After reaching the 97400 level, it entered a brief consolidation, retracing to around the 96600 area, which has become an important short-term resistance level.
There was little overnight fluctuation, with the coin price oscillating at a high level.
Technical Analysis: Daily Level: After the coin price fell to the 89200 level, it rebounded significantly, closing with a large bullish candle, recovering lost ground and standing above the middle track.
4-Hour Chart: The coin price made a strong counterattack, breaking through the upper Bollinger Band and oscillating at a high level, showing a horizontal consolidation instead of a decline, indicating a weakening of the bearish momentum.
Market Outlook: 97500 is a key resistance level; if broken, the coin price is expected to open new upward space. The morning strategy is to look for buying opportunities on pullbacks.
Personal Trading Suggestions 👇
Bitcoin: Go long around 96400 - 95900, target around 99000.
Ethereum: Go long around 3190 - 3160, target around 3350.
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